The CEZ Group has become a shareholder in the British company Rolls-Royce SMR Limited (Rolls-Royce SMR)

Gazprom must pay CEZ over one billion Czech korunas

The sale of CEZ Group’s coal assets in Poland to ResInvest Group was completed, just under a year since the auction process began. The sale includes companies that own and operate two hard coal-fired power plants Skawina and Chórzow with combined production of heat and power. The sale agreement was signed last November, and the transaction was subsequently approved by the Polish antitrust authority. CEZ will continue to develop modern ESCO energy services in Poland through the companies within its subsidiary company Elevion Group.

CEZ Group has concluded an agreement on the sale of its 15% stake in Veolia Energie ČR, a.s. ("the Company") with VEOLIA ENERGIE INTERNATIONAL S.A., the Company's majority shareholder.

The EIB loan follows a prior loan of the same amount in November 2024, which was also designated for upgrading and expanding the country’s power distribution network. This means that, in two months, CEZ Group received from the EIB a total of EUR 800 million for these purposes. The company will use the loan primarily for renewable sources of energy, enhancing the country’s energy independence and increasing the reliability of supply for businesses and households alike.

CEZ Group signed a share purchase agreement on the disposal of its Polish conventional assets with ResInvest Group, following a competitive auction process launched on 26th of March 2024. The sale includes companies that own and operate two hard coal-fired power plants Skawina and Chórzow with combined production of heat and power. Closing of the transaction is subject to approval by the Polish antitrust authority. CEZ will continue to develop modern ESCO energy services in Poland through the companies within the Elevion Group.

Rolls-Royce SMR Limited (Rolls-Royce SMR) and CEZ Group (CEZ) have today announced that they will join forces to bring their global capabilities and know-how to the deployment of Rolls-Royce SMR’s small modular reactor (SMR) technology. This is enabled by an equity investment by CEZ into Rolls-Royce SMR and a strategic partnership to deploy up to 3GW of electricity in the Czech Republic using Rolls-Royce SMR power plants.

CEZ Group has completed the acquisition of a 55.21% stake in the GasNet Group, the largest gas distribution infrastructure operator in the Czech Republic. Natural gas, and later also hydrogen, will play a key role in the future development of the country’s economy. With this acquisition, CEZ Group supports the transformation of the heat generation industry and its transition from coal to natural gas and hydrogen. The stake sold was previously managed by Macquarie Asset Management, acting on behalf of the funds it manages. The transaction has already been approved by the Czech Ministry of Industry and Trade and the European Commission.